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Fed Official Sends Stocks South

This transcript has been automatically generated and may not be 100% accurate.

... the the ... for a quick look ... of mock it's not as the Donna's and also obviously ... a sharp selloff stunning on a roundabout to foresee that is now well over the over the coming down quite ... quite heavily and we get the same story with the Nasdaq ... Santa and I think we receive the same story with the SB five hundred that mill has pronounced in that we also saw rates drop off in the gold market time to get to tell the Outback chopped think ok ... maybe not to tell us why the market sold off that Jonathan Cheng The will Street tunnel isn't subtle of this ... song ... sharp selloff not knock you sell ... sell sell that's right ... um and that all taps into the story that many in the market have right now about the Federal Reserve ... and what it's likely to do in terms of ... um unwinding all of ... the money printing the money printing that they've been doing for the last few years ... we have John Williams is the president of the synthesis go ... branch of the Fed ... he had some remarks this afternoon aam theory Eastern time ... Tom about ... um ... perhaps the Fed moving towards that goal ... he would eat that thing in one respect because it means that the economy is strong enough to the Fed's estimation people to step away ... but anytime you have the Fed starts say that ... that means to many in the markets that were coming off of the ITV trip that the Fed has been feeding us for a League itself we ... believe that some people collect it and some people ... the drugs whatever ... I'm Oracle's fit with the Colts and rice method we do have a to the China will have a non Muslims ... aam of that falling off soon and I'm not coming off an a and and a symbol of ... similar way ... it is here's the thing that ... comes amid anyone we haven't economic data which was all the nice feel to it that's right ... and and saddened to hear that the Fed's ... money printing one that doing it to boost economy when the date is not good ... some have faith in my my right ... when the data starts to weaken as it did today ... Tom that would seem to suggest that the Fed should be seeing him again ... and until we have one ... said the ... spokesperson the many on the command ... and of course he's not the big one that's Ben Rene Kyi but ... how even suggesting that perhaps they start to move to the exits that's ... the combination of the market doesn't like ... ok ... we will see the ever exciting stuff